$75,000 invested at 3% for 3 years
Future value
$81,955
Interest earned
$6,955
Total growth
9.2727%
Investing $75,000 at 3% compounded annually for 3 years grows to $81,955. That's $6,955 of compound interest earned on your original $75,000.
FV = $75,000 × (1 + 3%)^3
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